"Certainly, I think we can go smaller," Gerry McGovern told Automotive News Europe when asked about future plans for the premium Range Rover line. "In a world focusing on sustainability you could argue that smaller and lighter is the way to go."

Range Rover is not the only brand considering a subcompact premium SUV. Audi design boss Stefan Sielaff has floated the idea of a Q1 SUV, which would fit in below the compact-sized Q3.

Since launching the Evoque last year, Land Rover has sold more than 90,000 of the three- and five-door SUVs, according to data from Land Rover owner Tata Motors.

In the United States, sales of the Evoque totaled 5,676 units through the end of August.